From data compiled over a 10-yr period by Manpower, Inc., in a statewide study of married couples in which at least one spouse was working, the following transition matrix was constructed. It gives the transitional probabilities for one and two wage earners among married couples. At the present time, 48% of the married couples (in which at least one spouse is working) have one wage earner, and 52% have two wage earners. Assuming that this trend continues, what will be the distribution of one- and two-wage earner families among married couples in this area 10 years from now? Over the long run?
Please round the answers to one decimal place.
Percentage of one-wage earner families among married couples 10 years from now is __________%
Percentage of two-wage earner families among married couples 10 years from now is __________%
Percentage of one-wage earner families among married couples over the long run is __________%
Percentage of two-wage earner families among married couples over the long run is __________%

Question

From data compiled over a 10-yr period by Manpower, Inc., in a statewide study of married couples in which at least one spouse was working, the following transition matrix was constructed. It gives the transitional probabilities for one and two wage earners among married couples.  At the present time, 48% of the married couples (in which at least one spouse is working) have one wage earner, and 52% have two wage earners. Assuming that this trend continues, what will be the distribution of one- and two-wage earner families among married couples in this area 10 years from now? Over the long run?
Please round the answers to one decimal place.
Percentage of one-wage earner families among married couples 10 years from now is __________%
Percentage of two-wage earner families among married couples 10 years from now is __________%
Percentage of one-wage earner families among married couples over the long run is __________%
Percentage of two-wage earner families among married couples over the long run is __________%

Quizplus · Accepted Answer

The Answer of From data compiled over a 10-yr period by Manpower, Inc., in a statewide study of married couples in which at least one spouse was working, the following transition matrix was constructed. It gives the transitional probabilities for one and two wage earners among married couples.  At the present time, 48% of the married couples (in which at least one spouse is working) have one wage earner, and 52% have two wage earners. Assuming that this trend continues, what will be the distribution of one- and two-wage earner families among married couples in this area 10 years from now? Over the long run?
Please round the answers to one decimal place.
Percentage of one-wage earner families among married couples 10 years from now is __________%
Percentage of two-wage earner families among married couples 10 years from now is __________%
Percentage of one-wage earner families among married couples over the long run is __________%
Percentage of two-wage earner families among married couples over the long run is __________%

From Data Compiled Over a 10-Yr Period by Manpower, Inc